VVS Finance price 

VVS

VVS Finance applies an automated market maker model, meaning that there are no order books or middlemen, but there are liquidity pools, which facilitates transactions between assets on the DEX.

Some of the key features of VVS Finance include:

Liquidity provision. Any user can become a liquidity provider by adding tokens to a liquidity pool. In order to start trading through liquidity pools, users are required to pay swap fees to liquidity providers or LPs (fees are stored in reserves of liquidity pools). LPs receive two-thirds of swap fees (0.2% of the trading volume), while one-third is held in the Treasury of VVS Finance.

Bling Swap. The system allows users to swiftly and seamlessly exchange tokens and other AMMs between multiple liquidity pools. The trading fee is 0.3% and is shared between LPs and the platform. Users have the opportunity to earn by providing liquidity.

Crystal Farming (Crystal Farm). In Crystal Farms, LPs can earn rewards in the form of VVS tokens for staking LP tokens. However, the rewards from crystal mining (high profit) are only available for a limited period of time.

Glitter Mining (Glitter Mine). The feature allows to stake VVS and earn more tokens of partner projects through auto compounding (users place predictions on the coin and earn interest).

Initial Gem Offerings (IGOs). The IDO platform on the Cronos blockchain provides users with early access to exclusive token sales of upcoming projects in the ecosystem, while project owners receive cooperation with VVS Finance, a project launch on one of the leading platforms as part of the IGO, as well as an impressive and rapidly growing user base.

VVS is the governance token of the VVS Finance protocol, it also serves as the platform's utility and reward token. VVS is a Cronos Chain token that was deployed as the CRC-20 technical standard. The main function of VVS is to incentivize the liquidity provision to the VVS Finance platform.

The distribution of the token is as follows: 50% to the community (30% to farm and mine programs, 2.5% to traders and referrers, 2.5% to market makers, 15% to the community wallet for future initiatives); 23% to the team; 13.5% for network security and maintenance; 13.5% for ecosystem development.

The tokenomics of VVS works on the emission model: the team will mint 50 trillion VVS in the first year, and then halve the amount every subsequent year. According to the emissions schedule, a maximum supply of 100 trillion VVS will be gradually reached over 10 years starting from the launch year of 2021.

The easiest way to obtain VVS is to buy it directly through VVS Finance. VVS tokens are also available at numerous crypto exchanges, including: Crypto.com Exchange, Gate.io, Bitget, Uniswap and more.

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Read more about popular DEXs — SushiSwap (SUSHI) and PancakeSwap (CAKE).

Learn more about Cronos (CRO).

What is Cronos (CRO) and how does CRO staking work? Take a deep dive with CMC Alexandria.

What is an automated market maker (AMM)? Find out with the CMC glossary.